Iran commutes a tycoon’s death sentence to 20 years in prison

Iran commutes a tycoon’s death sentence to 20 years in prison
Babak Zanjani, 48, was sentenced to death in 2016 over a number of charges, including money laundering, forgery and fraud that disrupted the country’s economy. (AFP/File)
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Updated 30 April 2024
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Iran commutes a tycoon’s death sentence to 20 years in prison

Iran commutes a tycoon’s death sentence to 20 years in prison
  • Babak Zanjani was sentenced to death in 2016 over a number of charges
  • An appeal for amnesty by Zanjani was reviewed and his death sentence was “commuted to a 20-year prison term

TEHRAN: Iran’s judiciary said Tuesday that it commuted a death sentence for a tycoon to 20 years in prison after he returned around $2.1 billion in assets from illegally selling oil abroad, the official IRNA news agency reported.
Babak Zanjani, 48, was sentenced to death in 2016 over a number of charges, including money laundering, forgery and fraud that disrupted the country’s economy.
IRNA quoted judiciary spokesman Asghar Jahangir as saying that an appeal for amnesty by Zanjani was reviewed and his death sentence was “commuted to a 20-year prison term after approval by the Supreme Leader.”
Ayatollah Ali Khamenei has the final say on all state matters and occasionally issues pardons.
Jahangir said as part of Zanjani’s 2016 sentence, he had the right to an amnesty or commutation of his death sentence if he returned the assets, compensated for damages and expressed regret for wrongdoing. The spokesman said that Zanjani cooperated with the judiciary to locate the assets abroad in recent years while he was in prison, and all the money was returned.
Zanjani was arrested in 2013 shortly after the election of then President Hassan Rouhani as part of a crackdown on alleged corruption during the rule of former President Mahmoud Ahmadinejad.
Authorities said then that Zanjani owed more than 2 billion euros ($2.1 billion) for oil sales he made on behalf of Ahmadinejad’s government. Zanjani was one of Iran’s wealthiest businessmen, with a fortune worth an estimated $14 billion.
The commutation of Zanjani’s sentence indicates that Iran’s government is in need of revenue after years of US sanctions on the country.
In 2018, then President Donald Trump pulled the US out of a nuclear deal with Iran that had aimed to lift sanctions on Iran in return for the capping of the country’s nuclear activities. Since then, Iran has found it difficult to sell its crude, the country’s main source of foreign revenue. After Trump’s unilateral withdrawal from the deal, Iran’s rial currency tumbled.
In 2014, Iran executed another billionaire businessman, Mahafarid Amir Khosravi, for a $2.6 billion state bank scam in Iran.


124 journalists killed, most by Israel, in deadliest year for reporters

124 journalists killed, most by Israel, in deadliest year for reporters
Updated 7 sec ago
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124 journalists killed, most by Israel, in deadliest year for reporters

124 journalists killed, most by Israel, in deadliest year for reporters
  • Journalists murdered across 18 different countries in 2024, including Palestine, Sudan and Pakistan
  • Sudan and Pakistan record second-highest number of journalists and media workers killed, six each

NEW YORK: Last year was the deadliest for journalists in recent history, with at least 124 reporters killed — and Israel responsible for nearly 70 percent of that total, the Committee to Protect Journalists reported Wednesday.
The uptick in killings, which marks a 22 percent increase over 2023, reflects “surging levels of international conflict, political unrest and criminality worldwide,” the CPJ said.
It was the deadliest year for reporters and media workers since CPJ began keeping records more than three decades ago, with journalists murdered across 18 different countries, it said.
A total of 85 journalists died in the Israeli-Hamas war, “all at the hands of the Israeli military,” the CPJ said, adding that 82 of them were Palestinians.
Sudan and Pakistan recorded the second highest number of journalists and media workers killed, with six each.
In Mexico, which has a reputation as one of the most dangerous countries for reporters, five were killed, with CPJ reporting it had found “persistent flaws” in Mexico’s mechanisms for protecting journalists.
And in Haiti, where two reporters were murdered, widespread violence and political instability have sown so much chaos that “gangs now openly claim responsibility for journalist killings,” the report said.
Other deaths took place in countries such as Myanmar, Mozambique, India and Iraq.
“Today is the most dangerous time to be a journalist in CPJ’s history,” said the group’s CEO Jodie Ginsberg.
“The war in Gaza is unprecedented in its impact on journalists and demonstrates a major deterioration in global norms on protecting journalists,” she said.
CPJ, which has kept records on journalist killings since 1992, said that 24 of the reporters were deliberately killed because of their work in 2024.
Freelancers, the report said, were among the most vulnerable because of their lack of resources, and accounted for 43 of the killings in 2024.
The year 2025 is not looking more promising, with six journalists already killed in the first weeks of the year, CPJ said.


124 journalists killed, most by Israel, in deadliest year for reporters

124 journalists killed, most by Israel, in deadliest year for reporters
Updated 12 February 2025
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124 journalists killed, most by Israel, in deadliest year for reporters

124 journalists killed, most by Israel, in deadliest year for reporters
  • The uptick in killings marks a 22 percent increase over 2023
  • Journalists murdered across 18 different countries, including Palestine's Gaza, Sudan and Pakistan

NEW YORK: Last year was the deadliest for journalists in recent history, with at least 124 reporters killed — and Israel responsible for nearly 70 percent of that total, the Committee to Protect Journalists reported Wednesday.
The uptick in killings, which marks a 22 percent increase over 2023, reflects “surging levels of international conflict, political unrest and criminality worldwide,” the CPJ said.
It was the deadliest year for reporters and media workers since CPJ began keeping records more than three decades ago, with journalists murdered across 18 different countries, it said.
A total of 85 journalists died in the Israeli-Hamas war, “all at the hands of the Israeli military,” the CPJ said, adding that 82 of them were Palestinians.
Sudan and Pakistan recorded the second highest number of journalists and media workers killed, with six each.
In Mexico, which has a reputation as one of the most dangerous countries for reporters, five were killed, with CPJ reporting it had found “persistent flaws” in Mexico’s mechanisms for protecting journalists.
And in Haiti, where two reporters were murdered, widespread violence and political instability have sown so much chaos that “gangs now openly claim responsibility for journalist killings,” the report said.
Other deaths took place in countries such as Myanmar, Mozambique, India and Iraq.
“Today is the most dangerous time to be a journalist in CPJ’s history,” said the group’s CEO Jodie Ginsberg.
“The war in Gaza is unprecedented in its impact on journalists and demonstrates a major deterioration in global norms on protecting journalists,” she said.
CPJ, which has kept records on journalist killings since 1992, said that 24 of the reporters were deliberately killed because of their work in 2024.
Freelancers, the report said, were among the most vulnerable because of their lack of resources, and accounted for 43 of the killings in 2024.
The year 2025 is not looking more promising, with six journalists already killed in the first weeks of the year, CPJ said.


UAE’s president receives phone call from US secretary of state

UAE’s president receives phone call from US secretary of state
Updated 12 February 2025
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UAE’s president receives phone call from US secretary of state

UAE’s president receives phone call from US secretary of state
  • Sheikh Mohamed bin Zayed Al-Nahyan tells Marco Rubio that 2-state solution is key for peace in Middle East

LONDON:  Sheikh Mohamed bin Zayed Al-Nahyan, the president of the UAE, received a phone call from US Secretary of State Marco Rubio on Wednesday.

The UAE’s president told Rubio that a two-state solution to the Israeli-Palestinian conflict was the key to peace in the Middle East.

Sheikh Mohamed emphasized the need for a just and lasting peace in the region, ensuring security and stability for everyone, the Emirates News Agency reported.

The parties discussed ways to strengthen cooperation across various fields to serve the countries’ strategic relationship.


Egypt projects 4% growth in 2025 amid strong economic reforms

Egypt projects 4% growth in 2025 amid strong economic reforms
Updated 12 February 2025
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Egypt projects 4% growth in 2025 amid strong economic reforms

Egypt projects 4% growth in 2025 amid strong economic reforms
  • Results of fiscal discipline, says economy minister Rania Al-Mashat
  • Increased capital inflows, foreign direct investment being recorded

DUBAI: Egypt is likely to record 4 percent growth at the end of 2025, the nation’s Planning and Economic Development Minister Rania Al-Mashat said at the World Governments Summit on Wednesday.

In a session titled “The Regional Economic Outlook of 2025,” Al-Mashat, presented an optimistic view of Egypt’s trajectory amid global challenges.

Panelists during the session addressed disruptions Egypt has faced, notably the 70 percent decline in Suez Canal revenues.

In addition, they highlighted geopolitical tensions stemming from President Donald Trump’s recent threats to displace Palestinians to Egypt and Jordan.

Despite these challenges, Al-Mashat emphasized Egypt’s resilience and strategic economic measures.

“At the outset, macroeconomic stability is a necessary condition for growth and private sector engagement,” she said.

She detailed Egypt’s home-grown program with the International Monetary Fund since March 2024, focusing on fiscal consolidation, reducing domestic debt, stringent public investment discipline, and tighter monetary policy to control inflation.

These measures have restored macroeconomic stability, leading to increased capital inflows and foreign direct investment.

Al-Mashat reported 3.2 percent growth in the first quarter of the 2024/2025 fiscal year, with notable performance in the manufacturing sector, signifying stronger integration with global value chains.

However, she stressed that macroeconomic stability alone was insufficient without structural reforms aimed at increasing competitiveness, private sector involvement, and promoting the green transition.

Egypt has attracted nearly $4 billion in renewable energy investments over the past year, positioning itself as a regional energy hub.

“Agility and resilience are key,” she noted, projecting a 4 percent growth rate by year-end, despite global headwinds such as inflationary pressures and monetary policy shifts.

Al-Mashat concluded by emphasizing Egypt’s proactive stance in financing for development, including domestic resource mobilization, debt swaps, and concessional finance for the green transition, all vital for Egypt’s economic future.


‘We are gearing towards becoming a multiplanetary species,’ says UAE space director

‘We are gearing towards becoming a multiplanetary species,’ says UAE space director
Updated 12 February 2025
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‘We are gearing towards becoming a multiplanetary species,’ says UAE space director

‘We are gearing towards becoming a multiplanetary species,’ says UAE space director

DUBAI: All the UAE’s space projects are gearing toward humanity becoming a multiplanetary species, Salem Al-Marri, director-general of the Mohammed bin Rashid Space Center, told the World Governments Summit on Wednesday.

Speaking to Arab News, Al-Marri discussed the UAE’s partnership with the Saudi space mission. 

“Having our (Saudi Arabia and the UAE) astronauts in space at the same time is the first time we had that many Arabs in space at one time,” he said.

Al-Marri said he hoped to have the two countries work together more extensively and share resources to further develop the Arab space industry.

“We’d love to have our astronauts visit Saudi along with the Saudi astronauts, Rayyanah Barnawi and Ali Al-Qarni, have some joint outreach activities and really take it from there. I think also from the research perspective, the data, the outreach, we are now working on different projects that we will announce soon,” he added.

But Al-Marri jokingly revealed that he, personally, was not ready to relocate to Mars, even if the opportunity were to come up tomorrow.

“Not in my lifetime, no. If there’s a return ticket then yes, if it’s a visit for a couple of years and coming back, I would do that. But I think within the next decade we would see some sort of human presence on Mars for a quick type of mission,” he said.

“The global exploration roadmap is moving towards trying to get a permanent presence on the moon and around the moon, and then using that to go to Mars,” he said. 

In a panel discussion with Salem Butti Al-Qubaisi, director-general of the UAE Space Agency, the directors discussed UAE’s space missions and progress since the UAE space mission to Mars was announced in 2014.

“We see a big benefit of having these astronauts sent into space, performing hundreds of experiments, which benefit us here on the ground,” Al-Marri said.

When asked if the UAE’s scarcity of water in any way limited the space mission, both directors said it served as motivation for the project to go further.

“One of the main objectives of the space mission is to help understand water. We can see if there are other sources of water available. If we are planning to go deeper into space we must ensure that there are adequate resources out there,” Al-Qubaisi said.

Al-Marri said MBRSC’s goal and motivation was to see an Emirati on the moon in the next 10 years.

The UAE Astronaut Program was launched in 2017 by Sheikh Mohammed bin Rashid Al-Maktoum, the vice president and prime minister of the UAE, and Sheikh Mohamed bin Zayed Al-Nahyan, who was deputy supreme commander of the UAE Armed Forces at the time and is now the UAE president.

Sultan Al-Neyadi was the first Emarati and Arab astronaut to undertake a long-term space mission and the first to complete a spacewalk.

Al-Neyadi, together with NASA astronauts Stephen Bowen and Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev, were part of NASA’s SpaceX Crew-6 that lifted off on March 2, 2023 from the Kennedy Space Center in Florida.

The crew conducted more than 200 science experiments and technology demonstrations during their stay at the space station and returned to earth on Sept. 4, 2023.